LanzaTech Global, Inc. Announces Second Quarter 2023 Financial Results
Operating revenues of $12.9 million for second quarter 2023, an increase of 31% over second quarter 2022
Current cash, restricted cash, and investments of $161.1 million provides financial flexibility to execute business strategy through year-end 2024 without further need for additional capital resources
Reiterate outlook for achieving positive adjusted EBITDA by year-end 2024
Expanding geographic footprint in Europe and India with expected commercial plant startups in 2023
Updating full year 2023 revenue and adjusted EBITDA outlook due to improved project visibility and financial results to date
